This morning SMMT hosted a breakfast event to discuss the findings of its Capturing Opportunity report that was previously launched at the Paris Motor Show in September.
Produced on behalf of SMMT by KPMG, the report positions the UK as a destination of choice for global vehicle manufacturers and identifies supply-chain opportunities in the UK automotive sector. Bringing together key industry stakeholders and international delegates, the breakfast event included presentations provided by representatives of KPMG exploring the report’s findings further as well as a Q&A session for attending delegates.
The report highlights that the UK’s key strengths lie in the varied mix of manufacturers that have all built reputations for quality and engineering excellence. Additionally, with the UK exporting to more than 150 countries around the world, the broad spread of export markets was cited as a positive factor in the country’s stability and future prosperity.
Despite the strong body of evidence that demonstrates how the UK is one of Europe’s most attractive automotive industry locations, there are factors that pose a risk to ongoing success. To develop and keep pace with change, urgent action is required to address an impending skills shortage in key industry areas.